[T]he kind of society which we envisage and which we shall have to live in will be a mixed society, a mixed economy, in which all the essential instruments of planning are in the hands of the State, in which the characteristic form of employment will be by the community in one form or another but where we shall have for a very long time the light cavalry of private, competitive industry.
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "[T]he kind of society which we envisage and which we shall have to live in will be a mixed society, a mixed economy, in which all the essential instruments of planning are in the hands of the State, in which the characteristic form of employment will be by the community in one form or another but where we shall have for a very long time the light cavalry of private, competitive industry." in the context of "Speech to the Labour Party Conference in Blackpool (8 June 1949), quoted in Labour Party Annual Conference Report, 1949, p. 171 and The Times (9 June 1949), p. 2" to mean that wisdom is timeless.
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About Aneurin Bevan